Jade Condos Sunny Isles Beach sales & trends for last year show us 67 condos sold between the three luxury towers. As we’ll explore below, the total number of condos sold and last year’s resale values have been robust. The record-high sale at Signature was $23.5 million, and the lowest, a 1 bedroom at Jade Beach, sold for $900,000.
Sunny Isles Beach Sales & Trends
Sunny Isles Beach condo inventory today reflects 805 total condos for sale and 152 closed sales in the last 90 days, with a median sale price of $503 per square foot. With the market shifting in favor of buyers this year, the condo inventory absorption along the Miami coastline has slowed. Price increases will likely continue to slow, but the sales volume (buyer pool) is shrinking. Our oceanfront residential condo market values noticed considerable price gains over the years spanning from 2009 to 2016. Then from early 2016 to the latter part of 2020, we found ample supply with limited demand in a strong buyer’s market. The market had a frenzied run-up from the pandemic in 2019 to mid-2022.
With new developments selling well in Sunny Isles Beach, we find supply slightly on the rise and yet with consistent demand. This is especially so within the baseline of the high-end market segment ($1M to $3M). The residential condo market shifted post-COVID in favor of sellers but has stabilized since the summer and is now back in favor of buyers adding leverage to the deal.
Sunny Isles Beach Luxury Developments
We’ve also witnessed the impressive luxury developments gracing our coastlines, such as Jade Signature, Muse, Armani Casa Residences, Ritz-Carlton Sunny Isles, Turnberry Ocean Club, and now Estates at Acqualina & Bentley Residences. This new construction has taken over Collins Avenue with a surreal experience driving over the causeways into Sunny Isles Beach, and it’s a beautiful new skyline to behold.
Jade Condos Sunny Isles Beach remains a top choice for luxury condo buyers wanting oceanfront in South Florida. Here are the sales & trends in January for these three impressive condominium developments.
Jade Beach Condos Sales & Trends
- The average Jade Beach list price per square foot reflects $1,345 psf.
- There are 10 active listings for sale from $1.492m (B2 Model) to $5.5m (4504).
- In 2022, 23 resales occurred with a median sale price per square foot of $1,116 psf and 107 (DOM) days on the market.
- In 2021, 27 resales occurred with a median sale price per square foot of $909 psf (190 DOM).
- 2020; 20 resales occurred with a median sale price per square foot of $778 psf (145 DOM).
- 2019; 9 resales occurred with a median sale price per square foot of $764 psf (210 DOM).
- The median selling price per square foot in 2018 (10 total sales) was $818 psf (178 DOM).
- Median selling price per square foot in 2017 (7 total sales) was $877 at 243 days on the market.
- Median selling price per square foot in 2016 (8 total sales) was $1,010 at 219 days on the market.
Jade Beach Condos for Sale
Jade Beach condos (17001 Collins Avenue) is the lesser valued development yet still considered a premier tower built in 2007. As the original oceanfront Jade tower and with reasonable resale values to match, the future of Jade Beach remains strong. I’m confident Jade Beach will continue to reign as a leading tower, given its location and exceptional value.
There are 10 Jade Beach resales (4% inventory) available, ranging from $1.492m (B1 Model) to $5.5m for the renovated 45th floor. The South Jade Beach penthouse (PH4904) is now in contract and should close soon. Jade Beach condos offer one of the most desirable Collins Avenue locations. It also offers excellent value when seeking the lifestyle experienced on the ocean in Miami.
Jade Beach Sunny Isles Rentals
There are 8 Jade Beach condos for rent ranging in asking prices from $4,850 (B1 model) to $22,500 (E Model). As of last year, there were 27 Jade Beach condo rentals, ranging in value from $4,200 (B1 Model) to $20,000 (D2 Model), with a median rental value of $6.23 per square foot.
Jade Ocean Condos Sales & Trends
- The average Jade Ocean list price per square foot is $1,385 psf.
- There are 12 listings for sale from $1.090m (B1 Model) to $8.5m (Penthouse 4803).
- In 2022, 21 resales occurred with a median sale price per square foot of $1,201 psf and 190 (DOM) days on the market.
- In 2021, 34 resales occurred with a median sale price per square foot of $970 psf (263 DOM).
- 2020; 8 resales occurred with a median sale price per square foot of $854 psf and 187 days.
- 2019; 12 sales occurred with a median sale price per square foot of $839 psf and 324 days.
- 2018; 5 condos sold from $1.425M to $2.9M (C & E Models) at a median sale price of $958 psf and 107 days.
- The median selling price per square foot in 2017 (11 total sales) was $991 psf at 216 days.
- The median selling price per square foot in 2016 was $1,087 at 137 days on the market.
Jade Ocean Condos for Sale
Jade Ocean condos (17121 Collins Avenue) stand among the elite luxury condominium towers of Sunny Isles Beach. They are right in the middle, both physically and price-wise, between Jade Beach & Jade Signature. While some prefer Jade Beach, Jade Ocean condos have consistently sold at a higher price point, offering many buyers a clear advantage.
There are 12 Jade Ocean resales (5% inventory) available, ranging from $1.090m (B1 Model) to $8.5m (Penthouse 4803). Jade Ocean condos offer one of the most desirable Collins Avenue locations. They have excellent value when seeking the lifestyle experienced on the ocean in Miami.
Jade Ocean Sunny Isles Beach Rentals
There are 10 Jade Ocean condos for rent ranging in asking prices from $5,950 (B1 model) to $25,000 (E Model). Last year, there were 31 Jade Ocean condo rentals, ranging in value from $5,400 (B1 Model) to $21,000 (E Model), with a median rental value of $7.40 per square foot.
Jade Signature Condos Sales & Trends
- The average Jade Signature list price per square foot is $1,704 psf.
- There are 25 listings for sale from $1.990m (1 BR) to $7.490m (5 BR).
- Last year, 23 resales occurred with a median sale price per square foot of $1,489 psf and 257 (DOM) days on the market.
- In 2021, 19 resales occurred with a median sale price per square foot of $1,202 psf (280 DOM).
- 2020; 10 resales occurred with a median sale price per square foot of $1,221 psf and 184 days to sell.
- There were 9 sales noted in 2019 (via MLS), with the median sale price per square foot at $1,244 (307 DOM).
Jade Signature Condos for Sale
There are beautiful resale options, with 25 Jade Signature condos for sale. They range from $1.990m (1 BR) to $7.790m (5 Bedrooms furnished).
The premier Jade Signature condos (16901 Collins Avenue) were completed early in 2018, and it’s a fantastic addition to the Jade Condo Trio and the new construction lineup along the coastline of Sunny Isles Beach. Jade Signature offers spacious floor plans and expansive outdoor living areas with an iconic architectural design and luxurious amenities.
Jade Signature Record-Setting Sales
A Jade Signature penthouse sold in 2019 at $18.5M ($2,015 psf), setting the area record for an existing Sunny Isles Beach condominium. Since then, four others within Jade Signature have sold over $10M setting new building records at $23.5M (Penthouse #5603) at $2,015 per square foot.
Like Porsche Design Tower & Armani Residences, Jade Signature will continue to show great value for Florida’s Riviera. Jade Signature condos are highly desirable, and it’s always a pleasure to show off this beautiful development.
Jade Signature Sunny Isles Beach Rentals
There are 7 Jade Signature condos for rent ranging in asking prices from $9,000 (1 BR unfurnished) to $40,000 (4 BR Furnished). Last year, there were 22 Jade Signature condo rentals, ranging in value from $8,500 (1 BR Unfurnished) to $33,000 (4 BR Furnished), with a median rental value of $8.60 per square foot.
Jade Condos Sunny Isles Beach condo trends are essential for those who own at Jade or are looking to buy. Reach out today for accurate property analysis, or check the Jade Condo Blog for new updates, property listings, sales & trends.
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